GRANITE CONSTRUCTION INC — Director's Dealing 2010

Sep 23, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRANITE CONSTRUCTION INC (GVA)
CIK: 0000861459
Period of Report: 2010-09-22

Reporting Person: NIEBLA JESUS FERNANDO (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-07-15	Common Stock	A	37.2374	$23.58	Acquired	10540.5291	Direct
2010-09-22	Common Stock	M	480	$7.5033	Acquired	11020.5291	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-09-22	Option (Right to Buy)	$7.5033	M	480	Disposed	2010-09-29	Common Stock (480)	Direct

Footnotes

F1: Dividends on stock units granted pursuant to the Granite Construction Incorporated Amended and Restated 1999 Equity Incentive Plan

F2: Includes 6,791.5291 stock units and dividend shares on stock units.

F3: Total was incorrectly reported as 11,434 on 5/10/2010 (as a "previously reported" transaction) ; however, correctly reported as 9,685 on prior reports.